Cal PUC approves SCE 500-MW rooftop solar program

LOS ANGELES, June 18 (Reuters) - A program to place 500 megawatts of solar photovoltaic panels on commercial rooftops in the Southern California Edison territory over the next five years was approved unanimously by the California Public Utilities Commission on Thursday.

The Edison International subsidiary SCE will own half of the 500 MW of solar PV to be installed, and half will be developed under purchased power agreements.

First Solar (FSLR.O) is among the first developers to agree to work with SCE in the program. (Reporting by Bernie Woodall)